An Individual Borrows Coins to Short ETH Again and Further Increases Position by 9,000 ETH

BlockBeats News, June 16th, according to Chainalysis, a recent whale who had been shorting ETH continued to short 9,000 ETH after the ETH rebound: borrowed 9,000 ETH from Aave, transferred it to Binance, and then withdrew 16.37 million USDT.

He has now shorted 44,000 ETH ($78.89 million) at an average price of $1,702. He is currently facing an unrealized loss of $3.08 million.